UK-China Economic and Financial Dialogue

Iain Duncan Smith Excerpts

Tuesday 14th January 2025 Commons Chamber

[Rachel Reeves]

I thank my hon. Friend for what she has just said. On behalf of the whole House, I want to send our best wishes to the family of Jimmy Lai at this difficult time. I had the opportunity to raise this as well as other issues during my time in China, and it is incredibly important that at every opportunity we have, we raise some of the difficult issues and challenge the Chinese authorities in a way that is appropriate and consistent with our British values.

[Sir Iain Duncan Smith (Chingford and Woodford Green) (Con)]

The economic and financial dialogue was stayed because of the brutal imposition of the national security law in Hong Kong. When the Chancellor and the Government go back to engage and reopen that dialogue, they do so on the back of things getting worse, not better. The reality I put to her is that while she was away, Shein refused point blank at a Select Committee hearing to answer the question of whether it has slave labour in its supply chain, but the Government want it to list here in London. We have solar arrays being imported by the Government into the UK that demonstrably involve slave labour. Can the Chancellor be clear with the House about the Government’s position on slave labour? Can she explain whether this Government will allow any products or services, or allow companies to align themselves here or import goods here, that contain any slave labour, no matter how important that import is?

[Rachel Reeves]

I thank the right hon. Gentleman for that question; I know how seriously he takes this issue, like so many other Members on both sides of the House. Listing of companies in the UK is a decision for the Financial Conduct Authority, but any company listing on the London stock exchange has to live up to the responsibilities set out by the United Nations and the OECD on forced labour.

This Government are committed to working with international partners and businesses to ensure that global supply chains are free from human and labour rights abuses. As the right hon. Gentleman knows, under section 54 of the Modern Slavery Act 2015, commercial businesses that operate in the UK and have a turnover of more than £36 million are required to report annually on the steps they have taken, and rightly so, because modern slavery is abhorrent, and this Government continue to take steps to deal with it.